v3.25.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

A summary of the Company’s option activity during the three months ended March 31, 2025 was as follows (in thousands, except share and per share amounts):

 

 

 

 

 

Weighted-

 

 

 

 

 

 

Weighted-

 

Average

 

 

 

 

 

 

Average

 

Remaining

 

Aggregate

 

 

Options

 

Exercise Price

 

Contractual

 

Intrinsic

 

 

Outstanding

 

per Share

 

Life (years)

 

Value

 

Outstanding at December 31, 2024

 

3,534,103

 

$

8.47

 

 

4.26

 

$

85,525

 

Options exercised

 

(33,736

)

 

1.54

 

 

 

 

 

Options forfeited

 

(7,667

)

 

0.28

 

 

 

 

 

Outstanding at March 31, 2025

 

3,492,700

 

$

8.56

 

 

4.04

 

$

61,279

 

Exercisable at March 31, 2025

 

3,479,030

 

$

8.55

 

 

4.03

 

$

61,046

 

 

Summary of RSU Activity

A summary of the Company’s RSU activity during the three months ended March 31, 2025 was as follows:

 

 

 

Weighted-

 

 

 

 

Average

 

 

RSUs

 

Grant Date

 

 

Outstanding

 

Fair Value

 

Awarded and unvested at December 31, 2024

 

2,096,168

 

$

16.01

 

Awards granted

 

583,582

 

 

29.23

 

Awards vested

 

(328,201

)

 

17.18

 

Awards forfeited

 

(35,796

)

 

15.98

 

Awarded and unvested at March 31, 2025

 

2,315,753

 

$

19.18

 

Summary of Stock Based Compensation Expense

Stock-based compensation expense (including amortization of capitalized warrants cost for the three months ended March 31, 2025) included in the condensed consolidated statements of operations was as follows (in thousands):

 

Three Months Ended March 31,

 

 

2025

 

2024

 

 

 

 

 

 

Cost of revenue

$

66

 

$

51

 

Research and development

 

881

 

 

608

 

Sales and marketing

 

1,494

 

 

1,310

 

General and administrative

 

1,104

 

 

964

 

Total stock-based compensation

$

3,545

 

$

2,933